GS Ventures, CJ Investment, Mirae Asset Securities, NCORE Ventures, Woori Bank, Capstone Partners, Big Basin Capital, DS Asset Management, and Pureun Investment co-led a Series C funding round in South Korea-headquartered pizza brand GOPIZZA. The pizza brand has secured over INR 200 cr in the fresh funding round.
The new funds will be used to fund aggressive expansion plans in the country, which will be supported by cutting-edge robotic and AI technologies.
GOPIZZA’s one-person, oval, fire-baked pizzas are known for their quick service and low prices. There are 160 stores in Hong Kong, Singapore, Indonesia, South Korea, and other countries. The company currently has 15 locations in India, with its first store set to open in Hyderabad next month.
Mahesh Reddy, CEO, of GOPIZZA India, says “The funding raised will allow us to massively scale our operations across the country and further cement our position in the Indian market in an aim to become the pan-India market leader in the segment. Our expansion plan is to launch 100 stores by 2023. The funds will also be deployed to bring the brand’s famed technology to all outlets in India providing speedy, superior quality pizzas that GOPIZZA is known for and loved by customers worldwide.”
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